Bitcoin, Ethereum, today's market data interpretation is here.
1: #BTC Bitcoin retraced to 104500 yesterday and did not fall further, forming a low point, and began to rebound. It rebounded to around 106000 but did not break through. Currently, it is consolidating in the range box of 104500-106500, with key resistance at 106500. If it does not break through this level completely, it won't rise much. However, looking at the 4-hour and daily charts, the upward trend is still present, just encountering key resistance without a breakout on volume. If it breaks and stabilizes above 106500, we can look for it to reach around 107200 and then approach 108000. Pressure above the Bitcoin at 106500, 107300, 108000 Support levels below Bitcoin are 105500, 105000, 104500, 103800. 2: #ETH The second coin pulled a little higher than the first coin last night, reaching a pressure point of 2480 before starting to pull back, with a minimum dip to 2416 before rebounding. As of now, it has reached a high of 2456 and is starting to pull back again. Ether is currently oscillating in the range of 2400-2480. To rise, it must break through 2510. The overall trend of Ether is still linked to the first coin; it doesn't have a particularly strong performance on its own. Only when the first coin breaks through can Ether break above 2500. Resistance above the two coins is 2480, 2520 Support below 2430, 2400 for the second coin. If my sharing is helpful to everyone, please like 👍, share, and thank you all for your support.
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Bitcoin, Ethereum, today's market data interpretation is here.
1: #BTC Bitcoin retraced to 104500 yesterday and did not fall further, forming a low point, and began to rebound. It rebounded to around 106000 but did not break through. Currently, it is consolidating in the range box of 104500-106500, with key resistance at 106500. If it does not break through this level completely, it won't rise much. However, looking at the 4-hour and daily charts, the upward trend is still present, just encountering key resistance without a breakout on volume. If it breaks and stabilizes above 106500, we can look for it to reach around 107200 and then approach 108000.
Pressure above the Bitcoin at 106500, 107300, 108000
Support levels below Bitcoin are 105500, 105000, 104500, 103800.
2: #ETH The second coin pulled a little higher than the first coin last night, reaching a pressure point of 2480 before starting to pull back, with a minimum dip to 2416 before rebounding. As of now, it has reached a high of 2456 and is starting to pull back again. Ether is currently oscillating in the range of 2400-2480. To rise, it must break through 2510. The overall trend of Ether is still linked to the first coin; it doesn't have a particularly strong performance on its own. Only when the first coin breaks through can Ether break above 2500.
Resistance above the two coins is 2480, 2520
Support below 2430, 2400 for the second coin.
If my sharing is helpful to everyone, please like 👍, share, and thank you all for your support.